The healthcare data integration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Healthcare Data Integration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The healthcare data integration market size has grown rapidly in recent years. It will grow from $2.03 billion in 2023 to $2.40 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to growth in adoption of clinical decision support systems (CDSSs), shift towards value-based care models emphasizes integrated data, rise of value-based care models, need for data-based decision-making, escalating adoption of cloud-based data integration solutions.
The healthcare data integration market size is expected to see rapid growth in the next few years. It will grow to $4.67 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to adoption of electronic health records (EHRs), increasing demand for Interoperability data, rise in digital health solutions, advancements in data analytics and artificial intelligence (AI) in healthcare, focus on improving patient care. Major trends in the forecast period include Shift to electronic health records (EHRs), integration of diverse data sources, shift towards value-based care, advancements in technology, telehealth expansion.
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Scope Of Healthcare Data Integration Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Healthcare Data Integration Market Overview
Market Drivers –
The increasing adoption of electronic health records (EHRs) is expected to propel the growth of the healthcare data integration market going forward. Electronic health records (EHR) are digital systems that securely store and manage patient health information, enabling efficient access, sharing, and analysis among healthcare providers. The demand for electronic health records (EHR) IT systems is rising due to improved efficiency, data centralization and accessibility, interoperability, and patient engagement. Healthcare data integration solutions are crucial in achieving interoperability by connecting EHR systems with other healthcare IT systems, such as laboratory information systems (LIS), pharmacy systems, and radiology systems. For instance, in 2021, according to the Office of the National Coordinator for Health Information Technology (ONC), a US-based national health information technology infrastructure, the adoption of certified electronic health record technology among non-federal acute care hospitals in the United States increased from 96% in 2021 to 97% in 2022. Therefore, the increasing adoption of electronic health records (EHRs) is driving the growth of the healthcare data integration market.
Market Trends –
Major companies operating in the honeycomb packaging market are focused on the development of innovative packaging solutions, such as paper wrapping systems, to meet growing demand from low- and medium-volume e-commerce retailers and fulfillment companies. Paper wrapping systems refer to the use of paper-based materials to wrap or encase products for protection and containment within honeycomb structures. For instance, in November 2022, Sealed Air Corporation, a US-based packaging company, launched the QuikWrap Nano and QuikWrap M systems. These new paper wrapping systems don’t require any electricity and require little or no assembly. paper wrapping systems for e-commerce retailers, allowing businesses to save space by more properly organizing both paper and flexible packaging equipment while also providing efficiency, protection, customization options, and increased packaging productivity. QuikWrap Nano is the market’s smallest dual-paper wrapping technology, ideal for low-volume enterprises. The device includes a corrugated board dispensing box that holds 61 meters of expanding die-cut honeycomb paper and interleaf tissue paper. The QuikWrap M is designed to be conveniently refilled for medium-volume operations. A lightweight, durable metal frame handles larger, 1,700-meter rolls of expanding die-cut honeycomb paper and interleaf tissue paper. Each system creates a double layer of FSC (Forest Stewardship Council)-certified honeycomb paper and interleaf tissue paper to improve product protection. The paper is completely recyclable and delivered utilizing a unique ‘tear and hold’ technology.
The healthcare data integration market covered in this report is segmented –
1) By Component: Tools, Services
2) By Type Of Integration: Application Integration, Data Integration, Device Integration, Healthcare Information Exchange (HIE), System Integration, Other Integrations
3) By Deployment: Cloud, On-Premises
4) By Business Application: Marketing, Sales, Operations And Supply Chain, Finance, Human Resources (HR)
4) By End-user: Hospital, Clinics, Laboratories, Other End-users
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Regional Insights –
North America was the largest region in the healthcare data integration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare data integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the healthcare data integration market are McKesson Corporation, Dell Technologies Inc., International Business Machines Corporation, Oracle Corporation, Salesforce Inc., Koninklijke Philips N.V., GE Healthcare, Cerner Corporation, Experian Information Solutions Inc., SAS Institute Inc., Epic Systems Corporation, Allscripts Healthcare Solutions Inc., Informatica Inc., Siemens Healthineers AG, InterSystems Corporation, NXGN Management LLC, QlikTech International AB, Optum Inc., Health Catalyst, Innovaccer Inc., Orion Health, Veradigm LLC, Denodo Technologies, 1upHealth
Table of Contents
- Executive Summary
- Healthcare Data Integration Market Report Structure
- Healthcare Data Integration Market Trends And Strategies
- Healthcare Data Integration Market – Macro Economic Scenario
- Healthcare Data Integration Market Size And Growth
…..
- Healthcare Data Integration Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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